Unum Group $UNM Shares Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its holdings in shares of Unum Group (NYSE:UNM) by 43.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,297 shares of the financial services provider’s stock after acquiring an additional 9,484 shares during the period. Cinctive Capital Management LP’s holdings in Unum Group were worth $2,434,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UNM. Ancora Advisors LLC lifted its stake in Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in shares of Unum Group by 44.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 164 shares in the last quarter. True Wealth Design LLC grew its position in shares of Unum Group by 36.2% in the third quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 156 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Unum Group by 2,350.0% in the third quarter. SJS Investment Consulting Inc. now owns 588 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 564 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Unum Group in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy F. Keaney sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the transaction, the director owned 38,592 shares of the company’s stock, valued at approximately $2,801,007.36. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lisa G. Iglesias sold 3,500 shares of Unum Group stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the sale, the executive vice president owned 29,453 shares of the company’s stock, valued at $2,150,069. This trade represents a 10.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,000 shares of company stock valued at $1,239,110. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Up 1.0%

Shares of UNM opened at $72.85 on Tuesday. The firm has a market cap of $11.93 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.56 and a beta of 0.20. Unum Group has a 12-month low of $66.81 and a 12-month high of $84.48. The company’s 50-day moving average price is $74.71 and its 200 day moving average price is $75.59. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). Unum Group had a return on equity of 12.62% and a net margin of 5.65%.The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business earned $2.03 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its board has initiated a stock buyback plan on Thursday, December 4th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, January 30th. Unum Group’s dividend payout ratio is currently 43.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on UNM shares. Citigroup reissued a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. Wells Fargo & Company cut their target price on Unum Group from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings upgraded Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Evercore set a $103.00 price target on shares of Unum Group in a research report on Friday, February 6th. Finally, Barclays reissued an “overweight” rating on shares of Unum Group in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.40.

Unum Group Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.